Howell Corporation is interested in acquiring Burns Industries. Burns has $1\mathrm{.}5$ million shares outstanding and a target capital structure consisting of $30\%$ debt; its beta is $1\mathrm{.}55($given its target capital structure$).$ Burns has $$8\mathrm{.}33$ million in debt that trades at par and pays a $7\%$ interest rate. Burns$$ free cash flow $($FCF$0)$ is $$1$ million per year and is expected to grow at a constant rate of $5\%$ a year. Burns pays a $25\%$ combined federal$-$plus$-$state tax rate, the same rate paid by Howell. The risk$-$free rate of interest is $6\%,$ and the market risk premium is $7\%.$ Howell$$s first step is to estimate the current intrinsic value of Burns.

What is Burns$$ cost of equity? Do not round intermediate calculations. Round your answer to two decimal places. What is its weighted average cost of capital? Do not round intermediate calculations. Round your answer to two decimal places. What is Burns$$ intrinsic value of operations? Based on this analysis, what is the minimum stock price that Burns$$ shareholders should accept? Do not round intermediate calculations. Round your answer to the nearest cent $($two decimal places$).$ $$.$